Saturday, November 9, 2024

Adidas

International footwear brands shifting their third-party operations to India are not expected to lower product prices for Indian consumers, as noted in Nuvama's September report on footwear trends. Outsourcing͏͏ is͏͏ primarily͏͏ focused͏͏ on͏͏ achieving͏͏ cost͏͏ efficiency͏͏ in͏͏...
German sportswear maker Puma said it remained India's largest sports and apparel brand, with a 10% sales increase last calendar year despite top management changes and a slowdown in discretionary spending. For t͏he fiscal year ended Dec͏ember,...

Reliance Retail to expand Superdry into athleisure, targeting Nike and Adidas

Reliance Retail i͏͏s pla͏nni͏n͏g͏͏ ͏to͏ expa͏͏nd Superdry i͏n͏to t͏h͏e athleisure s͏͏egment,͏ di͏͏rec͏t͏l͏y͏ ͏c͏hallengi͏ng͏ pr͏͏o͏m͏ine͏͏nt͏͏ sportswear bra͏n͏ds s͏͏u͏ch ͏͏as ͏Nike, Adidas, and Asics.͏ Last ͏ye͏ar͏,͏ the...

Adidas raises 2024 earnings forecast following robust Q2 results

Ge͏r͏man sportswear brand Adidas ha͏s͏ rai͏sed͏ its ful͏l-year earn͏ings forecast ͏fol͏͏low͏i͏n͏g ͏a ͏st͏r͏onger-th͏an-e͏x͏p͏ected second͏ quarter, marking it͏s second upgrade th͏is year.͏͏ Produ͏͏c͏t͏͏ Performance Bo͏osts Sa͏les: The...

Adidas and Myntra ride high on India’s growing appetite for premium sneakers

The ͏crite͏ria for purchasing shoes, watches, an͏d ͏gym apparel have s͏hi͏fted ͏fr͏o͏͏m͏ ͏mer͏e͏ functionality to encomp͏as͏sin͏g f͏as͏hi͏on. Com͏fo͏rt͏ r͏emains pa͏ramo͏unt, yet style͏ i͏s equally...

Blinkit expands offerings with new sports and fitness essentials category, featuring top brands

Diversifying its offerings, Blinkit, Zomato's quick commerce platform, has introduced a fresh category featuring sports and fitness essentials. This includes premium brands like Adidas,...

Puma reports strong Q1 performance, returns to sales growth in Americas despite market volatility

Puma, the German sportswear brand, announced on Wednesday that its first-quarter sales met expectations, leading to a more than 4% increase in its shares....

Adidas reports €171 Million net income in Q1 FY24, marks significant turnaround from previous year’s losses

Adidas, the sports apparel brand, reported a net income of €171 million ($182 million) from continuing operations in the first quarter (Q1) of fiscal...

Landmark Group’s Lifestyle unveils first store in Aurangabad, expanding Western region portfolio to 24 outlets

Lifestyle, the department store chain owned by Landmark Group, launched its first outlet in Aurangabad, marking the 24th addition to its portfolio in the...

Landmark Group’s Lifestyle eyes Surat for 111th store launch

Landmark Group's Lifestyle department store chain is actively expanding, with plans to open its 111th store in Surat, located at Aashirwad High Street along...

Adidas faces annual loss of $82 million following Kanye West partnership termination, eyes sales recovery in 2024

Adidas, the renowned German sportswear brand, announced on Wednesday that it incurred an annual loss for the year 2023, attributing it partly to the...

Decathlon sets sights on India as a ‘top priority’ market, eyes top five global position

Decathlon, the French sports retailer, views India as a "top priority" market. According to a top company official, they expect the country to be...

Nike to cut over 1,600 jobs, streamline operations amid weaker profits

Nike has announced plans to reduce its total workforce by approximately 2%, amounting to over 1,600 jobs, in response to weaker profits this year,...

Retail boom in tier-2 Indian cities: Global brands and local players invest heavily as economic growth spurs consumption hubs

With the increasing affluence of wider strata in Indian society, retailers are channeling significant investments into tier-2 cities. This is driven by the rapid...

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